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Sri Lanka - Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Domestic Appliances Market 2022

Domestic Appliances Market Size in Sri Lanka

In 2021, after two years of decline, there was significant growth in the Sri Lankan domestic appliances market, when its value increased by X% to $X. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Domestic Appliances Production in Sri Lanka

In value terms, domestic appliances production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Domestic appliances production peaked at $X in 2020, and then contracted modestly in the following year.

Domestic Appliances Exports

Exports from Sri Lanka

Domestic appliances exports from Sri Lanka soared to X units in 2021, increasing by X% against 2020. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic appliances exports soared to $X in 2021. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Maldives (X units), Singapore (X units) and Bangladesh (X units) were the main destinations of domestic appliances exports from Sri Lanka, together accounting for X% of total exports. Lebanon, the UK, Australia and Ukraine lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Ukraine (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Singapore ($X) and Maldives ($X) were the largest markets for domestic appliances exported from Sri Lanka worldwide, with a combined X% share of total exports. Ukraine, the UK, Lebanon and Australia lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average domestic appliances export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Sri Lanka

In 2021, supplies from abroad of domestic appliances was finally on the rise to reach X units after four years of decline. Overall, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, domestic appliances imports skyrocketed to $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of domestic appliances to Sri Lanka, accounting for a X% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Thailand (-X% per year).

In value terms, China ($X), India ($X) and Malaysia ($X) were the largest domestic appliances suppliers to Sri Lanka, with a combined X% share of total imports. Thailand and Turkey lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average domestic appliances import price stood at $X per unit in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for domestic appliances in the world?

China remains the largest domestic appliances consuming country worldwide, comprising approx. 26% of total volume. Moreover, domestic appliances consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of domestic appliances in the world?

China constituted the country with the largest volume of domestic appliances production, comprising approx. 41% of total volume. Moreover, domestic appliances production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. India ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of domestic appliances to Sri Lanka?

In value terms, the largest domestic appliances suppliers to Sri Lanka were China, India and Malaysia, with a combined 95% share of total imports. These countries were followed by Thailand and Turkey, which together accounted for a further 11%.

What are the leading importers of domestic appliances from Sri Lanka?

In value terms, Bangladesh, Singapore and Maldives appeared to be the largest markets for domestic appliances exported from Sri Lanka worldwide, with a combined 47% share of total exports. Ukraine, the UK, Lebanon and Australia lagged somewhat behind, together comprising a further 8.3%.

What is the average export price for domestic appliances in Sri Lanka?

The average domestic appliances export price stood at $26 per unit in 2021, increasing by 5.7% against the previous year.

What is the average import price for domestic appliances in Sri Lanka?

In 2021, the average domestic appliances import price amounted to $13 per unit, jumping by 17% against the previous year.

This report provides an in-depth analysis of the domestic appliances market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 27511400 - Electric blankets

• Prodcom 27521113 - Iron or steel gas domestic cooking appliances and plate warmers, with an oven (including those with subsidiary boilers for central heating, separate ovens for both gas and other fuels)

• Prodcom 27521115 - Iron or steel gas domestic cooking appliances and plate warmers (including those with subsidiary boilers for central heating, for both gas and other fuels, excluding those with ovens)

• Prodcom 27521190 - Other domestic cooking appliances and plate warmers, of iron or steel or of copper, non-electric

• Prodcom 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )

• Prodcom 27521250 - Iron or steel liquid fuel domestic appliances, including heaters, grates, fires and braziers (excluding cooking appliances and plate warmers)

• Prodcom 27521270 - Iron or steel solid fuel domestic appliances, including heaters, g rates, fires and braziers (excluding cooking appliances and plate warmers)

• Prodcom 27521300 - Air heaters or hot air distributors n.e.c., of iron or steel, nonelectric

• Prodcom 27511530 - Table, floor, wall, window, ceiling or roof fans, with a selfcontained electric motor of an output . .125 W

• Prodcom 27511580 - Ventilating or recycling hoods incorporating a fan, with a maximum horizontal side . .120 cm

• Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors

• Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)

• Prodcom 27511135 - Compression-type built-in refrigerators

• Prodcom 27511150 - Chest freezers of a capacity . .800 litres

• Prodcom 27511170 - Upright freezers of a capacity . .900 litres

• Prodcom 27521400 - Non-electric instantaneous or storage water heaters

• Prodcom 27511200 - Household dishwashing machines

• Prodcom 27511300 - Cloth washing and drying machines, of the household type

• Prodcom 27512123 - Vacuum cleaners with a self-contained electric motor of a power . 1 .500 W and having a dust bag or other receptable capacity . .20 l

• Prodcom 27512125 - Other vacuum cleaners with a self-contained electric motor

• Prodcom 27512410 - Vacuum cleaners, including dry cleaners and wet vacuum cleaners (excluding with self-contained electric motor)

• Prodcom 27512170 - Domestic food grinders, mixers and fruit or vegetable juice extractors, with a self-contained electric motor

• Prodcom 27512200 - Shavers, hair-removing appliances and hair clippers, with selfcontained electric motor

• Prodcom 27512530 - Electric instantaneous water heaters

• Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)

• Prodcom 27512630 - Electric storage heating radiators

• Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

• Prodcom 27512690 - Other electric space heaters

• Prodcom 27512310 - Electric hair dryers

• Prodcom 27512330 - Electric hairdressing apparatus (including hair curlers, curling tongs) (excluding hair drying hoods, hair dryers)

• Prodcom 27512350 - Electric hand-drying apparatus

• Prodcom 27512370 - Electric smoothing irons

• Prodcom 27512700 - Domestic microwave ovens

• Prodcom 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)

• Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use

• Prodcom 27512850 - Domestic electric grills and roasters

• Prodcom 27512870 - Domestic electric ovens for building-in

• Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)

• Prodcom 27512430 - Domestic electric coffee or tea makers (including percolators)

• Prodcom 27512450 - Domestic electric toasters (including toaster ovens for toasting bread, potatoes or other small items)

• Prodcom 27512900 - Electric heating resistors (excluding of carbon)

Country coverage:

• Sri Lanka

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Sri Lanka

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance